Investment banking firm JM Financial said its private equity fund has completed the investment of Rs 40 crore in Coimbatore-based co-living operator Isthara Parks. Last year, the JM Financial-managed fund had signed a definitive agreement with Isthara Parks to pick up a minority stake in the co-living firm.The investment of Rs 40 crore was completed in two tranches between July 2019 and June 2020, the company said in a statement.
JM Financial’s PE fund completes Rs 40 crore investment in Isthara Parks
Date posted: Saturday 4 July 2020